Meh , wait for a pullback on that and nvidia

Not

Mr Doodle first out of your head? All aboard the hype train. Next stop Bubble town.

Stender. He's going places. once lockdown is over.

As well as the usual “only buy what you like…”

The most important thing for me now is to only buy art that looks right ‘in situ’. I have a clear idea of what will look right in each room so am patient to secure the right piece. It will then stay on the wall for a very long time and be a long term investment.

It does help to have good taste (and develop your own taste) and somehow choose what will be desirable in the future.

This is really good advice, thank you!

I have so far spontaneously buying art even if it doesnt really suit my current flat or aesthetic. I`ve kept some of these pieces in my art portfolio but it only means that i`m desperate to get rid of them. Which is bad on my part.

I definitely need to be more patient and wait for the right piece to come through.

Choosing what will be desirable in the future, will be a difficult task I guess. 

Buy what you like. Chasing the hottest new artist is not fun. A lot of this is luck because artists are pumped by the select few these days. Any art that I have that is highly valued is art I liked and just so happened to get lucky that the artist took off. In many cases the art sat and sat and sat and all it took was an event and some hype and now that art is all gone.

I'm not trying to make a small fortune off of a hobby. I can do that with my day job and real estate.

As you will have heard a million times "investments can go down as well as up".

If you buy shares in a company and they go down you hate them. If they go up you love them.

As soon as you turn art into an investment the same can happen and you might just lose the whole point. The enjoyment of looking at it.

If you buy what you like and spend what you can afford to lose you will always win.
If the art doesn't appreciate in value you will still enjoy it.
If it gets worth a bit more you've won twice.

There will be a lot of people on this forum whose lives have been changed by the fact that they accidentally chose Banksy prints to decorate their walls above any of the other millions of artists out there.
I'm sure most will tell you they were very lucky with their choice rather than shrewd genius investors.
I doubt there are many other art forums where the members will be telling you they cashed out and bought houses.

From the advice already given in the posts above I'd agree that saving up and buying pieces from established A list artists is a safer bet. The fan base is already there and the big investors are less likely to let the values crash.

If you're still enjoying art in twenty or thirty years you'll know you've done the right thing whichever approach you take.
Good luck.

Old sport

If you choose to approach things from a long term value investment standpoint search out undervalues in the market with a keen eye. Prepare to be slightly contrarian and don't follow the pack chap. The pack in the context of this plenary is largely (but not entirely) an undereducated rabble of dimwits with a critical lack of capital and long term insight. Searching out value is how outsized gains are made. I am talking 10x, 20x, 100x gains old sport. And always heed the old adage that it is time in the market not timing the market chap. 

I guess if I pick that beautiful piece that I don`t want off my wall, it will be easier to keep the piece long term!

I understand stocks in the stock market in terms of valuations. I can as a layman ofcourse understand and see if a stock is undervalued or way overvalued etc. But how do you work out valuations in the art world?

Would it be like the odd Keith Haring piece selling for half the price of others? Or the likes of Richard Hambleton which took off a bit in 2018 but is now slowing down and off the radar?

This is all so interesting to me

But don’t forget to “sell in May and go away”.

I think you mean hear hear you poor dimwitted fool!

On the other hand, the prints and multiples market for established and Blue-chip names is as buoyant as ever, with each of the big auction houses setting records each season and each having a number of auctions each year to allow access to the big names. People no longer turn their noses up to something being a hand made print Vs a painting, prints are an artform themselves.